March 7 BTCUSD BingX Chart Analysis and Today's Headline

According to CoinShare, digital asset investment products saw minor outflows totalling US$17m last week, marking the 4th consecutive week of negative sentiment. Bitcoin is up 0.15% over the last 24 hours and rose to an intraday high of $22602.06. The largest cryptocurrency is trading in a tight range between $22,300-$22,600 since March 3, suggesting the market is indecisive about the next big move. The 20-day exponential moving average has started to turn down, and the relative strength index (RSI) is below 44, indicating an advantage to the bear. The sellers will try to pull the price further down, and if the price turns down from the current level, the BTC/USDT pair may drop to the critical support at $21,480.

Today’s Cryptocurrency Headline

BCB Group to Offer Dollar Fiat-to-Crypto Payment Service

Oliver von Landsberg-Sadie, CEO of crypto financial services company BCB Group, said in an interview that the company is accelerating plans to add U.S. dollar capabilities and is preparing to go live in the early second quarter to help fill the void left by the recently closed Silvergate Exchange Network (SEN). BCB Group launched its instant settlement network, the BCB Liquidity Exchange Network Consortium (BLINC), in mid-2020. That's a real-time settlement system that does for euros, British pounds and Swiss francs what SEN did in the U.S. until recently for big crypto clients transacting in dollars.